Article By RoboForex.com
Analysis for October 8th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is still moving sideways. If later the pair breaks the 4/8 level and stays below it, the market will resume moving downwards. I’m holding a pending sell order.
At the H1 chart, the pair is testing the 6/8 level. If the price rebounds from it, the market will resume falling. In this case, the next target will be at the 4/8 level.
USD CHF, “US Dollar vs Swiss Franc”
Franc is also consolidating. The pair is supported by the daily Super Trend; the price has rebounded from it again. I’m planning to open another buy order after the price stays above the 7/8 level.
At the H1 chart, the pair has been supported by the 5/8 level. It’s highly likely that in the nearest future the market may try to test the 8/8 level. If the pair breaks this level, it may continue growing towards the +2/8one.
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RoboForex Analytical Department
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
